Morning Minute: Chicago most affordable metro housing market for 2014

The Chicago metro area ranks No. 1 when it comes to affordable housing markets for 2014, according to a list from ZipRealty, NAR reports.

ZipRealty, a real estate brokerage firm, looked at 30 major U.S. metro areas and compared median home prices with family income data to rank the top 10 most affordable markets. Chicago outranked other cities on the affordable list such as Philadelphia, Orlando, Dallas and Tucson. Read more.

In other headlines:

NAR, Trade Groups Urge FAA to Clarify Drone Use – REALTOR® Magazine

Foreclosure activity at lowest level since 2Q 2007 – HousingWire

Foreclosures pick up in March from prior month – Chicago Tribune

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